CNAQ: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CNAQ
Largest movements
- Cash +€6,869
up €6,869 (+8.3%), from €82,822 to €89,691
mainly Net result for the year (+€70,088) and Other debts (+€6,500)
- Receivables within one year -€966
down €966 (-64.8%), from €1,490 to €524
- Other debts +€6,500
up €6,500 (+12.3%), from €53,000 to €59,500
- Gross operating margin +€6,028
up €6,028 (+7.5%), from €80,218 to €86,247
- Taxes -€1,570
down €1,570 (-9.5%), from €16,608 to €15,038
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,885 | €92,334 | +€5,448 | +6.3% |
| Fixed assets | 21/28 | €583 | - | -€583 | |
| Tangible fixed assets | 22/27 | €583 | - | -€583 | |
| Furniture and vehicles | 24 | €583 | - | -€583 | |
| Current assets | 29/58 | €86,302 | €92,334 | +€6,031 | +7.0% |
| Amounts receivable within one year | 40/41 | €1,490 | €524 | -€966 | -64.8% |
| Other amounts receivable | 41 | €1,490 | €524 | -€966 | -64.8% |
| Cash at bank and in hand | 54/58 | €82,822 | €89,691 | +€6,869 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,990 | €2,119 | +€129 | +6.5% |
| Total equity and liabilities | 10/49 | €86,885 | €92,334 | +€5,448 | +6.3% |
| Equity | 10/15 | €20,502 | €20,590 | +€88 | +0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97 | €185 | +€88 | +91.1% |
| Amounts payable | 17/49 | €66,384 | €71,744 | +€5,360 | +8.1% |
| Amounts payable within one year | 42/48 | €66,384 | €71,744 | +€5,360 | +8.1% |
| Financial debts | 43 | €142 | €46 | -€96 | -67.5% |
| Credit institutions | 430/8 | €142 | €46 | -€96 | -67.5% |
| Trade debts | 44 | €1,334 | €537 | -€797 | -59.7% |
| Suppliers | 440/4 | €1,334 | €537 | -€797 | -59.7% |
| Taxes, remuneration and social security | 45 | €11,908 | €11,661 | -€247 | -2.1% |
| Taxes | 450/3 | €9,058 | €9,661 | +€603 | +6.7% |
| Remuneration and social security | 454/9 | €2,850 | €2,000 | -€850 | -29.8% |
| Other amounts payable | 47/48 | €53,000 | €59,500 | +€6,500 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €583 | -€19 | -3.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €80,218 | €86,247 | +€6,028 | +7.5% |
| Operating profit (loss) | 9901 | €79,228 | €85,264 | +€6,036 | +7.6% |
| Financial income | 75/76B | €446 | €224 | -€223 | -49.9% |
| Recurring financial income | 75 | €446 | €224 | -€223 | -49.9% |
| Financial charges | 65/66B | €114 | €362 | +€248 | +217.5% |
| Recurring financial charges | 65 | €114 | €362 | +€248 | +217.5% |
| Profit (loss) for the period before taxes | 9903 | €79,561 | €85,126 | +€5,565 | +7.0% |
| Income taxes | 67/77 | €16,608 | €15,038 | -€1,570 | -9.5% |
| Profit (loss) for the period | 9904 | €62,953 | €70,088 | +€7,135 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,953 | €70,088 | +€7,135 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.